Good morning. Much awaited and dearly appreciated. Thailand’s revealing of its draft IR law has all the potential players in the market excited, with operators eager to get a piece of the pie now that more details have been revealed. This can only be a boon for its tourism and foreign investment, note top experts. Specifics of the law aim to clear up uncertainties from past legislation, paving the way for strong supervision, and tax collection (despite the heavily competitive rate), once enacted.
What you need to know
- Experts indicate that Thailand’s proposed integrated resort industry could be a major boost for tourism and to attract foreign investment.
- Thailand’s new integrated resort draft law aims to lift previously stringent regulations on casino gaming and boost tourism.
On the radar
- AGEM Index increased by 7 percent m-o-m in July.
- Grand Korea Leisure sees 48 percent drop in casino sales in July m-o-m.
- New details on Las Piñas casino and resort development by tycoon Villar.
- EGM operators to allow online number games in Philippines, but not like PCSO.
- POSC sees 17 percent drop in Philippine lottery revenue in 1H24.
AGB Intelligence
THAILAND
New integrated resort law to be major tourism boost: experts
Thailand’s move forward with its Integrated Entertainment Business Act, currently under consultation until August 18th, is a major step for boosting the country’s tourism sector and encouraging foreign investment, point out experts. The push forward with legislation puts it on par to compete with upcoming jurisdictions such as the UAE and Japan, emerging as a top attraction for foreign companies looking to (further) make their mark on Asia.
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